Many homeowners will come under mortgage stress following the Reserve Bank of Australia’s decision to increase interest rates.Digital Finance Analytics Martin North estimates approximately 1.7 million Australian households were under mortgage stress before the latest interest rate rises.
It's not over yet.
All true. Yet, as rates skyrocket back to normal how will ppl fare when they reach normal at ~2.5%? Seriously, if you didn’t factor this into your repayments, you’re a moron. The challenge for this govt will be stopping it there… it’s likely to get much worse.
2022 Albo only Labor can lower the cost of living. Hmm: Albo Labor 5 July Treasurer: mortgages to ‘eat up bigger part’ of household budgets
Taxes are going to be a lot more
This won't stop people buying overpriced essentials
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ASX jumps as Wall Street rallies, the Reserve Bank rate hike loomsAustralian shares rise sharply in early trade as investors wait for another rate hike by the Reserve Bank on Tuesday. Take it while we can. It will come down
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Reserve Bank lifts cash rate to 1.35 per centThe Reserve Bank of Australia has lifted the cash rate by 0.5 percentage points for the second month in a row That's ok, Labor promised under them and their plan cost of living will go down, let's just hope they didn't lie to us all just to win the election.. Excellent. Dear big banks, can we please have some decent interest on term deposit accounts now?
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Reserve Bank of Australia hikes cash rate for third consecutive month | 7NEWSThe Reserve Bank of Australia has hiked the cash rate for the third consecutive month. Economist masters_joanne explains what it will mean for you. TheLatest 7NEWS masters_joanne 'Hiked' highly emotive word when ' increased' would have been more accurate. masters_joanne We are headed for disaster, you'll see.
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ASX to open steady, markets await Reserve Bank's expected rate hikeThe Australian share market is likely to start its day flat as investors await the Reserve Bank's interest rate hike, which is likely be a double-sized increase of 0.5 percentage points, according to market pricing. Can we stop the over enthusiastic acting in super news reporting please - it adds no material value or credibility - just a turn off!
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Reserve Bank lifts official cash rate to 1.35 per cent as homeowners brace for interest rate hikesIt is the third consecutive increase of the cash rate after the RBA lifted it by 50 basis points in June - the highest rise since February 2002. Read more here: A big f you to the grubs that put hard working Australians in this situation. Who thought handouts and printing money wouldn't have this effect? Everyone, except policitians. They don't have one creative bone it their body. 🙄
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